Most economists believe that the short-run aggregate supply curve
A) slopes down.
B) slopes up.
C) is a vertical line.
D) is a horizontal line.
B
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What will be an ideal response?
A free good is a good whose existence requires no opportunity cost to produce. How is this different from a good that is offered for a price of zero?
What will be an ideal response?
A family on a trip budgets $1,000 for meals and gasoline. If the price of a meal for the family is $50 and if gasoline costs $3.50 per gallon, then how many meals can the family buy if they buy 100 gallons of gasoline?
a. 13 b. 16 c. 19 d. 21
A firm's advertising can help rivals
A) if fit focuses on general problem that the product addresses B) if it focuses on a secret ingredient that only this firm possesses C) if rivals do not advertise D) if rivals advertise